Unbroken Chain Enabled for New-Build Reservation in Hertfordshire
£520,000 · 5 months · 0.78% pm. A family reserving a new-build home in Hertfordshire faced a developer deadline - exchange within 28 days or lose the plot and reservation fee.
The Client
Family reserving a new-build home
The Challenge
A family reserving a new-build home in Hertfordshire faced a developer deadline - exchange within 28 days or lose the plot and reservation fee. Their existing home was not yet on the market and a traditional bridging solution was needed.
Our Solution
Doulton provided a £520,000 bridge against the existing home within 14 days, allowing exchange on the new build on time. The family listed their existing home immediately and achieved a sale subject to contract within three weeks.
The Outcome
New-build exchange met. Existing home sold. Completion of both properties took place within the same fortnight, with the bridge redeemed the moment the sale completed. Key highlights: 28-day new-build exchange deadline met; 14-day bridge completion; Existing home sold within 3 weeks of listing.
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